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Company Profile

Meriton Apartments
was the biggest multi-unit builder in the country, recording 2573 starts and coming in fourth for overall dwelling starts in 2012-13. Meriton was ranked 27th with 741 starts in 2010-11 and 11th in 2011-12.

Owner
Harry Triguboff
has indicated that he plans to increase annual output in the year ahead.

Overall, housing starts were up 7.7 per cent among the top 100 builders and 8.3 per cent nationally – the first increase in three years. Revenue rose 11.2 per cent to $14.98 billion.

Housing Industry Association (HIA) chief economist Harley Dale said the rise was encouraging but the challenge would be sustaining the growth in the years ahead, with Australia on track for a decline in dwelling starts for 2013-14.

“Current policy settings lack the extent of focus on the residential ­construction industry that Australia’s economy and population require," he said.

Detached houses made up 79 per cent of new dwellings from builders on the top 100 list and 21 per cent were units. Last year’s breakdown was 75 per cent for detached houses and 25 per cent for units.

The strongest gains were made in Western Australia and NSW, albeit off a low base. Market share also increased for the top builders in Queensland and South Australia. The improvement in the 2012-13 results followed a weak 2011-12, which recorded the second-lowest level of national housing starts in more than a decade.

The HIA noted the latest figures were encouraging, and said current housing starts were well below demand as population growth was charging ahead of supply levels.